This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its quinazolinone core structure is particularly significant in the development of kinase inhibitors, which are essential in targeted cancer therapies. The compound's specific functional groups, such as the amino and methoxy substituents, enhance its binding affinity to specific enzyme targets, making it valuable in designing drugs for diseases like breast cancer and lung cancer. Additionally, it is explored in the development of anti-inflammatory and antimicrobial agents due to its potential to interact with diverse biological pathways. Researchers also study its derivatives for their potential in treating neurodegenerative disorders, leveraging its ability to modulate specific receptors in the brain. Its versatility in drug design makes it a crucial component in pharmaceutical research and development.